Author: Aruna Kaim

IndusInd Bank is facing intense regulatory and legal pressure following two separate incidents involving alleged physical assault by recovery agents over credit card defaults. The escalating situation has drawn the attention of both law enforcement and the Reserve Bank of India (RBI), putting the lender’s third-party collection protocols under the spotlight. Key Developments Police Intervention: Mumbai police have summoned bank officials for questioning after filing two cases related to the alleged harassment and assault of a borrower. RBI Inquiry: The central bank has reportedly sought a formal clarification from IndusInd Bank regarding its debt collection practices, reiterating its strict stance…

Indian financial institutions are increasingly integrating Artificial Intelligence (AI) and Machine Learning (ML) to streamline two of their most critical functions: finding new borrowers and recovering dues. By shifting away from traditional manual methods, lenders are seeing significant improvements in operational efficiency and risk management. 1. AI-Powered Customer Acquisition Lenders are moving beyond basic credit scores to identify potential customers. AI allows them to tap into the “New-to-Credit” (NTC) segment by analyzing alternative data. Hyper-Personalization: AI models analyze transaction history, social behavior, and utility payments to offer pre-approved loans tailored to individual profiles. Predictive Lead Scoring: Instead of calling every…

Global infrastructure investment manager I Squared Capital is reportedly preparing to exit its portfolio company, Polaris Smart Metering. The move comes roughly two years after the US-based fund acquired a majority stake in the firm. Key Transaction Details Target Valuation: The potential deal is expected to value Polaris at approximately $200 million (₹1,892 crore). Investment History: I Squared Capital originally committed $150 million in February 2023 for a controlling interest in the Singapore-headquartered company. Advisors: The fund has appointed boutique investment bank Impact Infracap to manage the sale process. Company Profile and Operations Polaris, formerly known as Gram Power, operates…

Apple is rolling out a significant update to how users manage App Store costs. Starting in May 2026, users can take advantage of the discounted rates typically reserved for annual plans without having to pay the full amount upfront. Instead, you can break the cost into 12 monthly installments. While this provides immediate financial relief, there is a major contractual “catch” that every user should understand before hitting the subscribe button. How the Installment Plan Works The primary goal is to lower the barrier to entry for expensive professional apps or services. The Benefit: If an annual subscription costs ₹1,200,…

Samsung’s 2026 flagship laptop doesn’t try to reinvent the wheel—it just makes the wheel spin faster and longer. The Galaxy Book6 Pro keeps the ultra-slim design of its predecessors but swaps out the internals for Intel’s groundbreaking Panther Lake architecture. Starting at ₹1,78,990, it’s a premium machine aimed squarely at professionals who need MacBook-level efficiency in a Windows environment. Design & Build: If It Ain’t Broke… At first glance, you’d be hard-pressed to distinguish the Book6 Pro from the previous generation. Samsung has leaned into its “refined” aesthetic: Ultra-Portable: At 1.2kg and just 11.6mm thin, it remains one of the…

Looking to upgrade your living room into a private theater? A 75-inch smart TV is the ultimate statement piece. With 4K clarity, expansive displays, and advanced smart features, these TVs are designed for large rooms where immersion is the top priority. Whether you’re looking for budget-friendly basics or premium picture processing, here is a breakdown of the top contenders in the 75-inch market. Quick Comparison: The Top Picks Category Model Display Type Special Feature Best Overall TCL 75V6C LED (HVA) MEMC & Dolby Atmos Best Budget VW Pro Series VW75GQ1 QLED Most Affordable 75″ Best Picture Sony BRAVIA 2M2 LED…

SBI General Insurance has announced a key addition to its leadership team, appointing Shrish Ramchandra Mahuli as the new Chief Business Officer (CBO). In this pivotal role, Mahuli will oversee the company’s business strategy, distribution network, and customer-centric growth initiatives. The appointment comes at a high-growth juncture for the insurer, which recently reported growing 1.6 times faster than the industry average in FY26. A Veteran in Insurance & Automotive Mahuli brings over 24 years of experience to SBI General, with a career defined by leadership roles in some of India’s most prominent financial and automotive institutions. Previous Role: Most recently,…

Canara HSBC Life Insurance has reported a stellar financial performance for the fiscal year ending March 31, 2026, marking its successful debut year as a listed entity. The company has officially breached the ₹10,000 crore Gross Premium milestone, propelled by a 19% growth in Weighted Premium Income (WPI)—outpacing most of its private-sector peers. This performance has elevated the insurer to the 9th rank among private life insurance companies in India, driven by a robust Bancassurance model and a massive surge in its protection business. Key Financial Scorecard (FY26) The company’s growth was not just in volume but also in “quality…

The Insurance Regulatory and Development Authority of India (IRDAI) has set a monumental goal: universal insurance coverage by 2047. However, as of April 28, 2026, the sector faces a “growth paradox.” While absolute premiums reached ₹11.93 trillion in FY25, overall insurance penetration has actually slipped to 3.7%, down from a pandemic peak of 4.2%. To bridge this gap, India is pivoting toward a digital-first, women-led distribution model supported by landmark legislative changes. 1. The “Bima Trinity”: India’s Digital Insurance Backbone Announced in early 2025, this three-pillar infrastructure aims to do for insurance what UPI did for payments. Bima Sugam: A…

PhonePe has officially surpassed the milestone of 50 million registered merchants as of April 28, 2026. This achievement cements its position as India’s leading fintech ecosystem, with a network that now spans over 98% of the country’s postal codes. What began in 2016 as a simple QR code-based payment solution for kirana stores has evolved into a full-stack financial services platform. This scale is a critical indicator of India’s deepening digital maturity, particularly in Tier 2, Tier 3, and rural markets. The Evolution: From QR Codes to Full-Stack Finance PhonePe’s strategy has shifted from basic “payment acceptance” to providing a…